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New projects fall over 50% in June as coronavirus lockdown takes hold


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The number of revived project showed an 82.8 per cent rise, while stalled projects also fell 23.1 per cent.

The lockdown which came into effect towards the end of March has caused new projects to plummet and existing projects to stop work, amid what is expected to be the worst year for the economy in decades.

New projects in the June quarter were at Rs 0.56 trillion, down 51.7 per cent ...


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